EY International Tax and Transaction Services

#Portugal's Tax Authority has explained the impact on Portuguese companies of the #OECD's recent update regarding #PillarTwo filings. ow.ly/QwzW50Z5fyQ

#Spain’s MOF launched a short public consultation on a draft update to the list of non-cooperative tax jurisdictions; #Gibraltar and #Barbados would be removed from the list. ow.ly/HTmZ50Z5fxv

The #CJEU ruled on 13 May 2026 in the in the latest in a line of #transferpricing cases considering the VAT treatment of transfer pricing adjustments, in the Stellantis Portugal case. ow.ly/7tj750Z2IiV

#Spain and #Brazil reached mutual agreement on the #taxtreaty characterization of interest on net equity payments (#INE), concluding it should be treated as interest; INE will not benefit from participation exemption in Spain. #interestonnetequity ow.ly/xUFb50Z2Ifz

#Canada’s government tabled the Budget 2025 Implementation Act, No. 2, in the House of Commons, implementing various Budget 2025, income tax, #globalminimumtax and indirect tax measures. ow.ly/LISB50Z2Ic3

The #OECD released a common understanding on the #GlobalInformationReturn central filing and provided updates to Administrative Guidance under #PillarTwo. #undertaxedprofitsrule ow.ly/NOJA50Z2I9a

EY considers the treatment of dividend income under the #OECD Model Rules from a #Mauritius perspective, with a focus on the interaction between domestic tax exemptions and the Excluded Dividend rules. ow.ly/7SMY50Z2fzQ

#Kenya's government presented the Finance Bill, 2026 to Parliament for consideration and public input; the measures generally are expected to take effect from 1 July 2026 or 1 January 2027, following Presidential assent. ow.ly/nj8450Z1HnX

EY reviews #Australia’s 2026-27 Federal Budget released 12 May, focusing on the key announced tax measures that affect business tax planning, compliance processes and business incentives. ow.ly/iPfy50Z1atP

#SaudiArabia and the United States recently signed a Tax Information Exchange Agreement (#TIEA) that covers a wide range of taxes including income tax, #zakat, VAT, excise tax, other similar Saudi taxes and various US federal taxes. ow.ly/kN3q50YZ0tr

The #OECD released a toolkit to support tax administrations in applying #Pillar Two and updated FAQs on the GloBE Model Rules and the #GlobalMinimumTax. #BEPS ow.ly/cWQA50YZ0qm

#SouthAfrica’s Revenue Service (#SARS) released draft subordinate legislation for the #advancepricingagreement (#APA) pilot program for public comment. #transferpricing ow.ly/J4PE50YYcap

#Kuwait has issued a Circular introducing an advance payment system under the Multinational Entity (MNE) Tax Law; MNEs should consider whether the new system aligns with Pillar Two compliance strategies, cash-flow planning and administrative priorities. ow.ly/FWQT50YXAvJ

#Chile has proposed a comprehensive tax reform bill to boost economic growth and encourage foreign / domestic investment; key measures include reduction of the CIT rate from 27% to 23% by 2029 and a fully integrated tax system by 2030. ow.ly/TjFl50YW4ve

#Turkiye has amended the income tax and corporate tax rules applicable to #foreignsourcedividends and certain #crossborderservices; MNCs should reassess ownership structures, service models and #cashrepatriation strategies. ow.ly/SYkS50YVymy

#Nigeria has provided clarification on the introduction of the #EconomicDevelopmentIncentive (performance-based tax credit system) under the Nigeria Tax Act 2025 to replace the Pioneer Status Incentive (income tax holiday). ow.ly/bFl450YVykV

The US and #Croatia on 28 April signed a tax protocol that would amend the pending 2022 US-Croatia #incometaxtreaty and protocol. ow.ly/tt5750YUwWj

EY reviews key tax measures and effective dates in #Canada’s Bill C-30 Spring Economic Update 2026 Implementation Act; the business income tax measures are considered substantively enacted for financial reporting purposes as of 29 April 2026. ow.ly/UZL450YUwVJ

#Turkiye announced the "#StrongInvestmentHubProgram," outlining a package of proposed tax and administrative measures, including CIT changes, to position Turkiye as an investment, export and regional management hub. ow.ly/MMIh50YTaIt

#Israel published an incentives law for R&D activities that aims to maintain the attractiveness of the tax incentive regime for R&D companies in light of Pillar Two rules. #researchanddevelopment ow.ly/AoZl50YSvVI